Registration of Financial Service Providers
[ Last Updated 18 June 2007 ]
Entities carrying out activities falling within the definition of "financial service provider" will be required to register as financial service providers.
The definition of "financial service provider" will be based on the Financial Action Task Force (FATF) definition of "financial institution" subject to any variations in coverage of the anti-money laundering regime agreed through the FATF Compliance Review, lead by the Ministry of Justice.
These entities include:
- banks;
- friendly societies;
- credit unions;
- building societies;
- industrial and provident societies;
- finance companies;
- issuers of equity and debt securities;
- issuers of collective investment schemes;
- trustees supervising these issuers;
- insurers;
- platform and portfolio service providers and custodians;
- investment brokers;
- dealers in securities and futures contracts;
- lending businesses;
- financial leasing businesses;
- money or value transfer services (e.g. money remittance);
- money and currency changers;
- financial advisers
Cabinet Papers
Registration of Financial Service Providers
Frequently Asked Questions
Registration of Financial Service Providers Q&A
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